There are some drawbacks to trading through BlackBull Markets as well. They charge a high withdrawal fee every time you withdraw money from your trading account. Further, they do not offer cryptocurrencies or ETFs for trading purposes. At the time of opening your trading account, brokers ask for a minimum deposit.
- BlackBull Markets offer customer support with topmost priority to its clients.
- Since the black bull markets tend to offer a demo account which is a very good initiative.
- Traders can deposit and withdraw from their accounts using bank transfers, credit and debit cards, and e-wallets such as Neteller.
- BlackBull Markets offers full support for Metatrader 4 and Metatrader 5, two of the most well-known trading platforms.
That allows new users to become familiar with the mechanics of the platform and to try out trading ideas. In addition to a free Demo Account (for which it is easy and quick to register), and an Islamic Account option, the broker features three basic account types. Institutional users are offered MAM / PAMM and white marking options. A standard account has spreads from 0.8 pips on major currency pairs such as EUR / USD. The broker provides its clients with several ways to deposit funds, including bank transfer, Visa, MasterCard, Skrill, Neteller, China Union Pay and FasaPay.
How to open BlackBull Markets’ Real (Live) account
As a platoon with further than 9 times of experience in forex trading, we tested this broker in detail. In the following review, you’ll get the stylish information about the trading platform. They offer pretty much every pair you will need as a retail forex trader, including majors, minors, index, commodities, energy and metals. There are brokers out there in the markets offering more products and pairs to trade, but for the majority of retail traders the products on offer are more than enough to sink your teeth into. The broker is a true ECN, No Dealing Desk brokerage providing institutional-grade fintech services to retail clients.
While you are opening an account with the black bull markets you only have to add 200$. That is a quite low amount for opening an account with black bull markets. First of all, we have to mention that everyone can create a free demo account with BlackBull Markets to test the trading service.
While the default FX pair selection offered by the broker is impressive enough, BlackBull Markets is very flexible in this regard. Traders can actually request access to various crosses and exotics. The Institutional Account is at the top of the account-type list.
Trading costs start from spreads of 0.1 pips for a commission of $6.00 per standard round lot or $7.00 in total fees. Besides high leverage and negative balance protection, traders also get API trading, making it ideal for demanding algorithmic traders. A swap-free limefx forex broker Islamic account exists, and STP/ECN/NDD order processing and VPS hosting extend the competitive edge. Well, if we talk about the range or amount of the minimum deposit then we can say that it is quite low as compared to other forex trading platforms.
Is BlackBull Markets Safe
The minimum deposit required by BlackBull Markets depends on the type of trading account that the trader has opened. An institutional account is at the top of the list of account types. The broker’s customer support team provides fast and accurate feedback via the live chat function, and we encourage traders to use this method to communicate with the broker. As one of the most popular copy trading platforms on the market, MyFXBook is a service where you can copy trades from top successful FOREX trading systems. It allows you to copy the trades of any system you select directly into your Blackbull MetaTrader 4 account.
There are nine metal commodities, six soft commodities, five energy markets, and ten indices at the time of writing this review. Rounding off an impressive array of markets on offer are the nine crypto markets, including big names such as Bitcoin, Ethereum, LiteCoin, Chainlink, and Doge. Another positive feature is that BlackBull Markets offers a greater-than-average range of account types.
BlackBull Markets offers average trading fees compared to the industry leaders. In conclusion, it is totally worth investing your money with BlackBull Markets. On this page, we showed you all the details of the company, and we are impressed that the broker is very transparent. For all traders who are searching for a real ECN Broker, BlackBull Markets is the right choice.
Summary of the conditions
TradingView was made for charting and later transitioned into a charting and trading platform. The platform is very good and offers a user-friendly design for market analysis and price predictions easily. In addition, there are lots of modern trading indicators available on the platform. Traders have access to 70 currency pairs including major, minor, and exotic pairs. In addition, there are 10 crypto derivatives, 10 indices, and 18 commodities available for trading. BlackBull Markets offer access to Standard, Prime, and Institutional account types to meet the requirements of different trader types.
- For a correct position size, you have to calculate it or use an index.
- To give you a truly professional experience, BlackBull Markets offer customized accounts to their high-volume traders.
- The term “precious metals” is often used to refer to the most secure LimeFxs during periods of turbulent markets and volatility.
- The MetaTrader supports all types of technical analysis and direct market trading.
- The broker’s collection of instruments is lower than those offered by the top brokers.
Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Overall, BlackBull Markets provides three different account types, ECN Standard, ECN Prime, ECN Institutional, Islamic, Swap-Free, and Risk-Free Demo account options.
Over 30 million traders worldwide have experienced the ease and fun of trading using highly customizable and automated tools and charts. BlackBull Markets offers full support for Metatrader https://limefx.club/ 4 and Metatrader 5, two of the most well-known trading platforms. This broker provides its proprietary platforms, which are more accessible to beginners and easy to set up.
Covering Forex platforms, trading apps, broker reviews, and all regulated online trading sites. Accounts can be opened in AUD, USD, EUR, GBP, CHF, JPY, NZD, CAD, SGD, HKD. The different currency limefx review options are beneficial as currency conversion fees do not apply when using an account in your own currency. Customer support is available globally 24/7 via online chat, telephone and email.
This can save you plenty of time and stress waiting for the right opportunity to occur. You can just go about your day and take action as and when the software finds a valid signal on your chosen markets. BlackBull Markets established relationships with ANZ Bank and the FSPR help to ensure that they maintain the highest level of security for clients.
A black bull market is worldwide famous as the forex trading platform that was first introduced into New Zealand in the year 2014. This forex broker is known to be regulated by the FMA which stands for Financial Markets Authority of New Zealand. I think the social trading and managed account options could prove interesting to new traders. The range of services and support they offer make them one of my favourite brokers. They simplify the whole process and are always available to help with anything you need.
If you want access to the lowest possible spreads on the ECN prime account, you will need to make an even larger deposit of $2,000. I personally prefer it when a broker gives you the same trading account options, regardless of your deposit amount. Award-winning FX and CFD broker BlackBull Markets offers tools for novice traders and round-the-clock customer service. XTB was founded in 2002 and is a great alternative for beginners and more advanced traders alike. They offer a bigger amount of tradable assets and have better withdrawal and deposit options. As a team with more than nine years of experience in forex trading, we tested this broker in detail.
The minimum deposit amount required to register a BlackBull Markets Professional live trading account is $1 USD. BlackBull Markets provides three different account types, ECN Standard, ECN Prime, ECN Institutional, Islamic, Swap-Free, and Risk-Free Demo account options. Black bull markets are a simple, easy-to-use, and low-priced forex trading platform. The performance is quick, does not have any bugs, and has a very easy account opening procedure that is similar to a bank account. Hence, if you are confused between which forex trading platform to choose then black bull markets is the one. Moreover, there are no withdrawal fees and the initiating cost of the black bull markets is pretty low as well.